The Wall Street Journal has put together their list of “25 emerging leaders in hot corners of the tech industry.” The companies that were selected for the list had to show rapid growth and the expectation that the rapid growth would continue and to be innovation leaders in their subsector. This year two drone companies are included in the list: Kespry Inc. and Airobotics Ltd.
Drone companies Kespry and Airobotics make the list
The Wall Street Journal had asked a number of people with knowledge of the tech industry to put together a list of 25 companies that display rapid growth, the expectation for the rapid growth to be continued and that are innovation leaders in their subsector. The following 25 subcategories were recognized:
- Artificial intelligence/analytics
- Business software
- Consumer hardware
- Financial technology
- Publishing and advertising
- Social media
Additional criteria were that the company’s had to be emerging, i.e. found in or since 2013, have funding between $50 to $500 million. The emerging tech companies were then evaluated on various criteria, such as founder’s experience, investment track record, investment, growth, and buzz.
In the final selection of the “Tech Companies to Watch 2018” list, drone companies, Kespry Inc. out of California and Israel-based Airobotics Ltd. were included. Kespry ended up on the 15th spot and Airobotics on spot number 21.
Based in Silicon Valley, Kespry Inc. is best known for their platform to gather and analyze drone data. Their application is used in industries such as mining and construction to perform inspections and manage inventory. The company was founded Paul Doersch, Nathan Hall-Snyder and Ben Stabler in 2013, has currently 104 employees and had raised $61.4 million in funding. Last year, in a meeting with President Trump, CEO George Mathew showed one of their drones.
Airobotics Ltd. was started in Israel in 2014 and has grown rapidly into a 250-person company, having raised $71 million. The company is led by Meir Kliner and Ran Krauss. Airobotics was the first company in the world to receive permission from the Civil Aviation Authority of Israel to fly fully automated drones.
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PHOTO: ISTOCKPHOTO/GETTY IMAGES